Boothbay Readies First Launch

Mar 29 2012 | 11:18am ET

A former Platinum Management executive is just days away from launching his maiden hedge fund.

Ari Glass will unveil his hybrid multi-manager Boothbay Hybrid Fund on Sunday, HFMWeek reports. The fund will launch with $50 million in initial assets and a dozen allocations.

Glass' Boothbay Asset Management hopes to increase the number of allocations, both to their own traders and to outside managers, to 15 by the end of the year. All told, the fund will eventually have 30 managers as part of its multi-strategy platform. For outside managers, Boothbay, founded in October, will insist on separately-managed accounts.

Boothbay Hybrid's initial assets come primarily from a family office. The fund's capacity is unclear.

Glass was president of Platinum from 2007 through 2009 and is a former executive at Intrepid Capital Management.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR